Platinum Equity to acquire Pattonair

August 21, 2017 · 110 Views

Platinum Equity has signed a definitive agreement to acquire global aerospace and defense supply chain provider Pattonair from Exponent Private Equity. Financial terms of the transaction were not…

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DAE completes acquisition of AWAS

August 21, 2017 · 312 Views

Dubai Aerospace Enterprise (DAE) has completed the previously announced acquisition of the AWAS group of companies. The acquisition of AWAS propels DAE into the top tier of global…

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HEICO Corporation signs agreement to buy AeroAntenna Technology

August 20, 2017 · 215 Views

HEICO Corporation has reported that its Electronic Technologies Group entered into a stock purchase agreement to acquire 100% of the stock of AeroAntenna Technology Inc. (AAT). Chatsworth, CA-based…

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LATAM Airlines Group reports consolidated operating income of US$48.2m for second quarter 2107

August 20, 2017 · 550 Views

LATAM Airlines Group reported an operating income of US$48.2m and an operating margin of 2.1% for the quarter, an increase of 2.0 points compared to the same period…

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Massive Cathay Pacific interim loss blamed on low-cost carriers

August 20, 2017 · 505 Views

Posting its first interim loss since 2012, Cathay Pacific has blamed its HK$2.05bn interim loss on stiff competition both from Chinese airlines as well as low-cost carriers. Hong…

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ST Engineering reports lower profits in second quarter 2017

August 17, 2017 · 161 Views

Singapore Technologies Engineering (ST Engineering) has announced that Group revenue for its second quarter ended 30 June 2017 (2Q2017) came in 8% higher at S$1.76bn compared to S$1.62bn…

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IAI posts second quarter net income of US$21m

August 17, 2017 · 224 Views

Israel Aerospace Industries, Israel’s largest national military and civilian security defense company, has issued its consolidated financial statements for the quarter ended June 30, 2017. In the second…

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HAECO Group reports first half-year results

August 16, 2017 · 136 Views

The HAECO Group reported an attributable profit of HK$348m for the first six months of 2017. This compares with a profit of HK$1,111m for the equivalent period in…

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Air Berlin files for insolvency

August 15, 2017 · 304 Views

After posting a series of annual losses, including €780 million in 2016, Air Berlin, Germany’s second-largest carrier by passenger numbers, has filed for bankruptcy protection after Gulf carrier…

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Chorus Aviation announces solid second quarter 2017 earnings

August 14, 2017 · 186 Views

In the second quarter of 2017, Chorus reported adjusted EBITDA of US$65.5m versus US$57.8m in 2016; an increase of US$7.7m or 13.3%. Adjusted net income was US$26.7m for…

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FLY Leasing posts second quarter net income of US$2.9m

August 13, 2017 · 138 Views

FLY is reporting net income of US$2.9m for the second quarter of 2017. This compares to net income of US$4.7m for the same period in 2016. Net income…

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China’s HNA Group acquires 82.5% stake in Frankfurt-Hahn Airport

August 10, 2017 · 384 Views

HNA Group Co., (HNA), the Chinese conglomerate headquartered in Haikou, Hainan, China has continued with its European expansion program with the acquisition of an 82.5% stake in Frankfurt-Hahn…

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AeroCentury reports operating lease assets increased 52% year-over-year

August 10, 2017 · 84 Views

Aircraft leasing company AeroCentury has released that second quarter 2017 earnings grew 19% to US$356,000 compared to US$299,000 in the second quarter of 2016, and compared to US$642,000…

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GA Telesis announces launch of US$500m GAIN 2 fund

August 8, 2017 · 229 Views

GA Telesis and Wafra Capital Partners jointly announced that GA Telesis has raised a new US$500m investment vehicle from institutional and private clients advised by WCP to establish…

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Willis Lease Finance second quarter pretax profit grew 76% to US$10.2m

August 8, 2017 · 213 Views

Willis Lease Finance has reported that pretax income grew 76% to US$10.2m in the second quarter of 2017, compared to US$5.8m in the second quarter of 2016, on…

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ALC and Napier Park Global Capital establish second aircraft leasing joint venture

August 8, 2017 · 98 Views

A wholly-owned subsidiary of Air Lease Corporation has entered into a joint venture with a co-investment vehicle (the JV Partner) arranged by Napier Park Global Capital (Napier Park)…

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ATSG growth continues as midsize freighter leasing expands

August 8, 2017 · 86 Views

Air Transport Services Group (ATSG), a leading provider of medium wide-body aircraft leasing, air cargo transportation and related services, has reported consolidated financial results for the quarter ended…

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Fraport Group result rises significantly

August 6, 2017 · 274 Views

In the first six months of the 2017 business year (January to June), Fraport AG’s Group revenue advanced to almost €1.4bn, an increase of €130.6m or 10.7% year-on-year.…

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AerCap posts second quarter net income of US$282.9m

August 3, 2017 · 493 Views

AerCap reported second quarter 2017 net income of US$282.9m, compared with US$233.3m for the same period in 2016. Diluted earnings per share of U$1.67, compared with US$1.22 for…

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ANA reports financial results for the three months ended June 30, 2017

August 3, 2017 · 102 Views

ANA Holdings has delivered a strong profit performance during the first quarter, with operating revenues up 11.7% to JPY451.7bn, operating income up 80.0% to JPY25.4bn and ordinary income…

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